Extension of bank guarantee

3rd Jan 2008 15:45

3 January 2008 iPoint-media plc ("iPoint-media" or "the Company") Extension of bank guarantee

The Company has a credit facility with United Mizrahi Bank Ltd ("the Bank"). The repayment of the Company's debt to the Bank is guaranteed by Nisko Projects Electronics & Communications (1990) Ltd. ("Nisko").

On 26 September 2007, the Company announced that it had been notified by the directors of Nisko that they had resolved, subject to the approval of certain shareholders of Nisko required under Israeli law, to extend the period during which it will not withdraw or otherwise impair the guarantee until 31 December 2008.

The Company has been notified that the shareholders of Nisko have now passed the relevant resolutions regarding the extension referred to above.

For further information:iPoint-media plc +(0) 972 544 450 667 Muki Geller +44 (0) 7802 356614 Clive Garston John East & Partners Limited +44 (0) 207 628 2200 David Worlidge/Bidhi Bhoma

IPOINT MEDIA PLC

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